11. German (and other) banks and such "invested" (speculated) heavily in Spain's

construction bubble. And made huge "profits".

Then the US-originated sub-prime bubble blew up...

Europe caught the cold.

Now real people in real streets in whatever suffering country are supposed to pay off the speculators who knew what they were doing but still lost. Except they, the rich, fraudulent speculators won't lose as long as we the rest of us pay, and shut up, and suffer and die.